Repay expenses or capital introduced first?

Edit Subject

Hi :)

I am a partner in a partnership that was set up several months ago.

When we first started out everything was paid for as an expense by each partner and logged accordingly on FreeAgent.

After things started to get going we both introduced capital into the account, again marking this accordingly on FreeAgent.

Now we have started to make some money (although not yet in profit) we are looking to take some money out back into our own pockets. There is around £1000 on the 'Capital Introduced' accounts from the trial balance, and £500 as expenses.

From a tax / legal point of view, does it make any difference which are repaid first? Obviously they both affect the Profit and Loss figures in different ways hence I wasn't sure the best way forward.

Any advice would be appreciated :)

Thank you